Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From ZASouth Africa you can also send money to

Sending money from SOUTH AFRICA to NIGERIA

Data collected on: Feb 08, 2024-Mar 19, 2024
ZAR | USD
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Exchange rate margin (%)
The exchange rate margin is the cost resulting from the fact that the firm applies a rate that is different from the market reference rate. The margin is the percentage difference between the market reference rate and the exchange rate actually applied to the transaction.
Total cost (%)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Total cost (ZAR)Total cost (USD)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
5.15
Percentage difference between market reference rate 82.90 and exchange rate charged 78.64
5.15
5.155.15
70.5610.30
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
223.7432.66
5.52
Percentage difference between market reference rate 85.91 and exchange rate charged 81.17
5.52
21.8521.85
299.3543.70
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
223.7432.66
5.47
Percentage difference between market reference rate 85.86 and exchange rate charged 81.17
5.47
21.8021.80
298.6643.60
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
223.7432.66
5.50
Percentage difference between market reference rate 85.89 and exchange rate charged 81.17
5.50
21.8321.83
299.0743.66
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
223.7432.66
13.28
Percentage difference between market reference rate 80.08 and exchange rate charged 69.44
13.28
29.6129.61
405.6659.22
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
223.7432.66
13.28
Percentage difference between market reference rate 80.08 and exchange rate charged 69.44
13.28
29.6129.61
405.6659.22
First National Bank of South Africa via MoneyGram
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
219.4732.04
10.71
Percentage difference between market reference rate 78.05 and exchange rate charged 69.70
10.71
26.7326.73
366.2053.46
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
24.993.65
3.95
Percentage difference between market reference rate 83.27 and exchange rate charged 79.99
3.95
5.775.77
79.0511.54
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
24.993.65
3.95
Percentage difference between market reference rate 83.27 and exchange rate charged 79.99
3.95
5.775.77
79.0511.54
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
435.0063.50
5.73
Percentage difference between market reference rate 86.10 and exchange rate charged 81.17
5.73
37.4837.48
513.4874.96
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
0.000.00
5.11
Percentage difference between market reference rate 82.87 and exchange rate charged 78.64
5.11
5.115.11
70.0110.22
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
9.69
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
9.69
14.6914.69
201.2529.38
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
130.0018.98
2.00
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.00
11.4911.49
157.4122.98
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
30.004.38
2.52
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.52
4.714.71
64.539.42
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
24.003.50
2.52
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.52
4.274.27
58.508.54
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
30.004.38
2.52
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.52
4.714.71
64.539.42
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
24.003.50
2.52
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.52
4.274.27
58.508.54
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
30.004.38
2.52
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.52
4.714.71
64.539.42
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
24.003.50
2.52
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.52
4.274.27
58.508.54
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
Medium
Receiving method
Medium
230.0033.58
2.00
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.00
18.7918.79
257.4237.58
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
230.0033.58
2.00
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.00
18.7918.79
257.4237.58
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
68.5010.00
9.69
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
9.69
14.6914.69
201.2529.38
Total Average First Quarter
14.3714.37
Total Average Fourth Quarter 2023
14.2114.21
Total Average
Fee
123.2818.00
Exchange Rate Margin (%)
5.375.37
Total Cost Percent (%)
14.3714.37
Total Cost (ZAR) Total Cost (USD)
196.8528.74
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour 2 days
Bank account Cash
Payment instrument
Access point
Sending network coverage
Receiving method
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
290.8642.65
13.28
Percentage difference between market reference rate 80.08 and exchange rate charged 69.44
13.28
21.8121.81
743.72109.05
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
290.8642.65
13.28
Percentage difference between market reference rate 80.08 and exchange rate charged 69.44
13.28
21.8121.81
743.72109.05
First National Bank of South Africa via MoneyGram
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
285.3141.83
10.71
Percentage difference between market reference rate 78.05 and exchange rate charged 69.70
10.71
19.0819.08
650.6395.40
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
435.0063.78
5.73
Percentage difference between market reference rate 86.10 and exchange rate charged 81.17
5.73
18.4918.49
630.5192.45
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
313.2345.93
5.52
Percentage difference between market reference rate 85.91 and exchange rate charged 81.17
5.52
14.7114.71
501.6173.55
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
313.2345.93
5.50
Percentage difference between market reference rate 85.89 and exchange rate charged 81.17
5.50
14.6914.69
500.9373.45
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
313.2345.93
5.47
Percentage difference between market reference rate 85.86 and exchange rate charged 81.17
5.47
14.6614.66
499.9173.30
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
89.0013.05
9.69
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
9.69
12.3012.30
419.4361.50
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
89.0013.05
9.69
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
9.69
12.3012.30
419.4361.50
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
Medium
Receiving method
Medium
250.0036.66
2.00
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.00
9.339.33
318.1546.65
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
250.0036.66
2.00
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.00
9.339.33
318.1546.65
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
150.0021.99
2.00
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.00
6.406.40
218.2432.00
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
24.993.66
3.95
Percentage difference between market reference rate 83.27 and exchange rate charged 79.99
3.95
4.684.68
159.5923.40
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
24.993.66
3.95
Percentage difference between market reference rate 83.27 and exchange rate charged 79.99
3.95
4.684.68
159.5923.40
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
30.004.40
2.52
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.52
3.403.40
115.9417.00
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
30.004.40
2.52
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.52
3.403.40
115.9417.00
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
30.004.40
2.52
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.52
3.403.40
115.9417.00
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
24.003.52
2.52
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.52
3.223.22
109.8016.10
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
24.003.52
2.52
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.52
3.223.22
109.8016.10
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
24.003.52
2.52
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.52
3.223.22
109.8016.10
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
N/AN/A
N/A
not available
N/A
N/AN/A
N/AN/A
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
N/AN/A
N/A
not available
N/A
N/AN/A
N/AN/A
Total Average First Quarter
10.2110.21
Total Average Fourth Quarter 2023
8.178.17
Total Average
Fee
164.0924.06
Exchange Rate Margin (%)
5.395.39
Total Cost Percent (%)
10.2110.21
Total Cost (ZAR) Total Cost (USD)
348.0451.03
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour 2 days
Bank account Cash